Ripple has officially submitted an application for a national banking license, signaling a significant step in its strategy to navigate the evolving landscape of finance as the convergence of cryptocurrency and traditional banking systems becomes increasingly pronounced. This move highlights Ripple's commitment to integrating its innovative blockchain technology with regulated financial services, aiming to provide enhanced solutions for cross-border payments and facilitate a more seamless experience for users in the rapidly changing world of digital finance.
source: https://voiceofcrypto.online/ampstories/web-stories/ripple-applies-for-national-banking-license-amid-crypto-finance-convergence